Cryptonity analysis of the project.
the purpose of the exchange is that observed by the Cryptocurrency Community. the company aims to provide the market with a complete, secure, transparent and collaborative exchange platform.
the project will release its own token called Cryptonity Token with xny Ticker.
the Cryptonity token will be launched initially in the Ethereum blockchain. In the near future, they will develop their own Blockchain, then they will work on it immediately after the completion of the Token Sale.
Current Cryptonity will be the token utility, and therefore its price will be tied to its usefulness. token will give owners a discount of 50% on the payment of Cryptonity Exchange.
It will also allow its owners to take part in such specific features as voting for the "coin of the month". The creation of exchange of cryptocurrency difficult task. Creating an exchange that provides a complete set of tools and features is even more challenging.
There are two different categories of cryptocurrency exchanges: big players on the one hand and rivals on the other.
Those we subjectively call applicants don't care about their users or customers and don't seem concerned about their credibility. Most of them list all the coins that agree to pay their expensive fees, and that's it. They don't interact with their customers, don't make any improvements (such as UI upgrades), and focus only on maximizing their revenue. They are very often not transparent at the point where we sometimes find it hard to understand how some users can trust them and raise their money on these exchanges, this is because some "low cap" coins are only available on these exchanges.
As for the big players, there are also many questions. This is a real company? Are they regulated? Do they have plans to support FIAT? Do they have a Bank account?Are their platforms really safe? Is there any insurance if our money is stolen? Can we talk to someone in the chat? Can we name them in case of an emergency? And the list goes on. After all, all of this has to do with security and transparency issues. This is actually even worse for big players as they are the main target for hackers and thieves.
conclusion: the project Cryptonity